$925,000
SOLD OCT 18, 2023

75 Portland Ave Unit 77 Redding, CT 06896

6 Beds
2 Baths
2,516 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$368 Per Sq Ft

19% Above List Price

45 Days on Market

Highlights

  • Water Views
  • Home fronts a pond
  • No HOA
  • Redding Elementary School Rated A
  • Attic
  • Porch

About This Home

As of October 2023

Attention investors or owner occupancy with bonus income -take note! Rare opportunity to acquire one of the very few approved two-family duplexes in the sought after Georgetown area of Redding. Loaded with New England charm, this well-maintained 2,516 sq. ft. duplex home, with 6 bedrooms and two baths, rests on a scenic .16 parcel of land overlooking the picturesque views of 12 sq. acres of Factory Pond. With this year-round vacation like home, homeowners can enjoy the activities of fishing, canoeing, kayaking and rowboats from the comfort and convenience of their own backyard. Each sunny unit features: 3 bedrooms, 1 updated marble bath, living room, dining room, kitchen with updated finishes, hardwood floors and basement with laundry area/storage. *Public records are inaccurate for this property, square footage is more than stated. Unit #75 is the larger of the two with a cozy sitting room/den right off the back displaying picturesque views of the water. Top-rated public-school system, great commuter location -walking distance to the train station, a few minutes’ drive to Rte. 7 and all the amenities Georgetown has to offer.

Last Agent to Sell the Property

Tammy Edwards

Coldwell Banker Realty License #RES.0806886 Listed on: 07/07/2023

Coldwell Banker Realty

Last Buyer's Agent

Tammy Edwards

Coldwell Banker Realty License #RES.0806886 Listed on: 07/07/2023

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,102

Year Built

  • Built in 1922

Lot Details

  • 6,970 Sq Ft Lot
  • Home fronts a pond
  • Garden

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 2,516 Sq Ft Home
  • Concrete Flooring
  • Water Views
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • Gravel Driveway
  • Unpaved Parking
  • Paved Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters
  • Porch

Location

  • Property is near a golf course

Schools

  • Redding Elementary School
  • Joel Barlow High School

Utilities

  • Radiator
  • Baseboard Heating
  • Heating System Uses Oil
  • Private Company Owned Well
  • Electric Water Heater
  • Fuel Tank Located in Basement

Listing and Financial Details

  • Exclusions: Portable AC unit (Property of current tenant)

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $5,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,102

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Neighborhood: Georgetown
  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 2516
  • Public Record Living Room Sq Ft: 2256
  • Total Sq Ft: 2516
  • Year Built: 1922
  • Nearby Amenities: Golf Course, Health Club, Lake, Library, Park, Private School(s), Stables/Riding
  • Remarks Public Addendum: Public records show incorrect square footage. Home is 2,516. Updates/improvements in unit #75: Kitchen renovation in 2020, Full bath updated in 2018 (marble finishes), hardwood floors refinished in 2021 and 220v outlet for electric car installed along driveway in 2021. Updates/improvements in unit #75: New SlantFin oil boiler installed in 2019, Kitchen renovated around 2018, Full bath renovated around 2018 (marble finishes) and hardwood floors refinished in 2021. Unit #75 has a den/sitting room off the back and is larger in sq ft than unit #77. There are separate oil boilers for each unit.*Public records are inaccurate for this property, square footage is more than stated.
  • Property Sub Type: 2 Family
  • Exclusions: Portable AC unit (Property of current tenant)
  • Direct Waterfront: Yes
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 3808
  • Tax Year Updated Dt: 07/03/2023
  • Directions: Georgetown Road to Redding Road to N Main Street to Portland Avenue
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Attic Description: Access Via Hatch
  • Basement Description: Full With Hatchway, Concrete Floor
  • Laundry Room Location: Basement
  • Laundry Room Info: Washer/Dryer All Units
  • Attic: Yes
  • Street Number Modifier: 75

Exterior Features

  • Exterior Features: Garden Area, Gutters, Lighting, Porch
  • Exterior Siding: Wood
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Pond
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Paved, Unpaved
  • Driveway Type: Paved, Asphalt, Gravel

Utilities

  • Heat Type: Baseboard, Radiator
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Redding
  • High School: Joel Barlow

Lot Info

  • Acres: 0.1600
  • Lot Description: Water View
  • Zoning: RV

Multi Family

  • Gross Annual Income: 5200
  • Unit Count: 2
  • Total Multi Family: 12
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 9102
  • Total Assessed Value: 328700
  • Mil Rate Base: 27.690
  • Mil Rate Total: 27.690
  • Assessor Parcel Number: 268594

MLS Schools

  • Elementary School: Redding
  • High School: Joel Barlow

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2023
Closed on
Oct 18, 2023
Sold by
Bernz Garrett J and Bernz Kaitlyn M
Bought by
Lin Quing and Lin Keng
Seller's Agent
Tammy Edwards
Coldwell Banker Realty
Buyer's Agent
Tammy Edwards
Coldwell Banker Realty
List Price
$775,000
Sold Price
$925,000
Premium/Discount to List
$150,000
19.35%
Views
325
Current Estimated Value
$756,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$168,821
Avg. Annual Appreciation
-10.77%
Original Mortgage
$507,500
Outstanding Balance
$498,900
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$255,468

Purchase Details

Closed on
Dec 26, 2019
Sold by
Bernz Garrett J and Bernz Kaitlyn M
Bought by
Bernz Garrett J and Bernz Kaitlyn M

Purchase Details

Listed on
Apr 26, 2018
Closed on
Jul 2, 2018
Sold by
Dahms Robert W
Bought by
Bernz Garrett J and Connell Kaitlyn M
Seller's Agent
Jessica Batista
Coldwell Banker Realty
Buyer's Agent
Jessica Batista
Coldwell Banker Realty
List Price
$480,000
Sold Price
$513,000
Premium/Discount to List
$33,000
6.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.58%
Original Mortgage
$490,943
Interest Rate
4.6%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 10, 2009
Sold by
Decristoford Virginia G and Kagan Diane J
Bought by
Dahms Robert W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
5.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2003
Sold by
Edward Jerome V
Bought by
Decristoford Virginia and Kagan Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,400
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 14, 1999
Sold by
Croughwell Doris M Est and Croughwell
Bought by
Edwards Jerome V

Purchase Details

Closed on
Nov 6, 1989
Sold by
Cooper Margaret C
Bought by
Craughwell Doris
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $725,000 None Available
Quit Claim Deed -- None Available
Warranty Deed $513,000 --
Warranty Deed $420,000 --
Warranty Deed $403,000 --
Executors Deed $172,500 --
Warranty Deed $57,500 --
Deed $120,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $507,500 Purchase Money Mortgage
Previous Owner $490,943 FHA
Previous Owner $276,000 Purchase Money Mortgage
Previous Owner $322,400 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2024 07/09/24 Rented $3,200 0.0% --
01/02/2024 01/02/24 Off Market $3,200 -- --
11/25/2023 11/25/23 For Rent $3,200 0.0% --
10/18/2023 10/18/23 Sold $925,000 +23.3% $368 / Sq Ft
08/21/2023 08/21/23 Pending -- -- --
07/17/2023 07/17/23 Price Changed $750,000 -3.2% $298 / Sq Ft
07/07/2023 07/07/23 For Sale $775,000 +51.1% $308 / Sq Ft
06/29/2018 06/29/18 Sold $513,000 +6.9% $204 / Sq Ft
05/17/2018 05/17/18 Pending -- -- --
04/26/2018 04/26/18 For Sale $480,000 -- $191 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,710 $328,700 $133,600 $195,100
2024 $9,440 $328,700 $133,600 $195,100
2023 $9,102 $328,700 $133,600 $195,100
2022 $9,555 $286,600 $142,500 $144,100
2021 $9,412 $286,600 $142,500 $144,100
2020 $9,412 $286,600 $142,500 $144,100
2019 $9,412 $286,600 $142,500 $144,100
2018 $6,235 $286,600 $142,500 $144,100
2017 $7,064 $238,500 $116,800 $121,700
2016 $6,974 $238,500 $116,800 $121,700
2015 $6,895 $238,500 $116,800 $121,700
2014 $6,895 $238,500 $116,800 $121,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170581182

SmartMLS

APN: REDD-000046-000000-000180